Company No: 13851447 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	486,783		641,441
		486,783		641,441
Current assets
Stocks		16,804		14,223
Debtors	4	78,562		57,384
Cash at bank and in hand		61,565		92,931
		156,931		164,538
Creditors: amounts falling due within one year	5	( 1,156,889)		( 1,051,971)
Net current liabilities		(999,958)		(887,433)
Total assets less current liabilities		(513,175)		(245,992)
Creditors: amounts falling due after more than one year	6	( 196,292)		( 250,121)
Provision for liabilities		177,258		129,632
Net liabilities		( 532,209)		( 366,481)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		( 532,309 )		( 366,581 )
Total shareholder's deficit		( 532,209)		( 366,481)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Mallucci Mayfair Limited (registered number: 13851447) were approved and authorised for issue by the Director. They were signed on its behalf by:

P L Mallucci Director

14 October 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Mallucci Mayfair Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	10 years straight line
Plant and machinery etc.	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Going concern

The director, having considered the above and made due enquires, continues to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future. The major part of the company's working capital requirement is provided by a loan from Patrick Mallucci Limited , a related company, which is repayable in more than one year.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including the director	2		1

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 April 2024	499,196		474,457		973,653
Additions	0		18,000		18,000
At 31 March 2025	499,196		492,457		991,653
Accumulated depreciation
At 01 April 2024	94,984		237,228		332,212
Charge for the financial year	49,919		122,739		172,658
	0		0		0
At 31 March 2025	144,903		359,967		504,870
Net book value
At 31 March 2025	354,293		132,490		486,783
At 31 March 2024	404,212		237,229		641,441

4. Debtors

	2025		2024
	£		£
Trade debtors	4,620		4,552
Other debtors	73,942		52,832
	78,562		57,384

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	23,429		9,508
Amounts owed to group undertakings	891,779		756,784
Other taxation and social security	11,357		2,432
Obligations under finance leases and hire purchase contracts	222,931		292,592
Other creditors	7,393		( 9,345)
	1,156,889		1,051,971

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	196,292		250,121

There are no amounts included above in respect of which any security has been given by the small entity.

7. Financial commitments

Commitments

Capital commitments are as follows:

	2025		2024
	£		£
Contracted for but not provided for:
Finance leases entered into	222,931		292,121

8. Related party transactions

Included in creditors is an amount of £232,323 (2024: 69,837) due to a company registered in England and Wales, where there is a common director.

Included in creditors is an amount of £659,456 (2024: £686,947) due to a company registered in England and Wales, where there is a common director.